0
General

Toshiba to consider IPO of Landis + Gyr

Wednesday 12 April 2017 | 10:14 CET | News
Toshiba has added a potential IPO of Landis + Gyr as a way to raise cash to improve its balance sheet. Toshiba owns 60 percent of the Swiss specialist in smart meters and networks. This comes in addition in plans to sell part or all of its memory business. The company made the announcement with the release of its results for the fiscal third quarter to December 2016, which showed mounting losses, largely due to further impairments on its nuclear business. The application Chapter 11 protection by its subsidiary Westinghouse Electric Company in the US at the end of the March will lead to

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Toshiba
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Toshiba sees profit of JPY 40 bln from Landis+Gyr IPO

Published 21 Jul 2017 09:18 CET | Switzerland
Toshiba said it expects to realise a net profit of JPY 40 billion from the sale of its shares in the initial public offering of ...

Landis+Gyr plans IPO in Q3

Published 03 Jul 2017 15:53 CET | Switzerland
Swiss smart meter specialist Landis+Gyr announced plans for an initial public offering of shares on the SIX Swiss Exchange in Q3. ...

Landis+Cyr bidders reduce to 2 companies - report

Published 27 Jun 2017 09:34 CET | World
The bidders for Toshiba's Swiss-based smart meter group Landis+Gyr have narrowed to two, three banking sources told Reuters. ...

Toshiba picks INCJ consortium to buy memory chip business

Published 21 Jun 2017 08:32 CET | Japan
Toshiba has named the Innovation Network Corp of Japan, Bain Capital and the Development Bank of Japan as the preferred bidder to ...

SK Hynix sets consortium to bid for Toshiba unit - report

Published 19 Apr 2017 08:21 CET | Korea, Republic of
South Korea's major chipmaker SK Hynix teamed up with US private equity firm Bain Capital to acquire Toshiba's memory division, ...

Hon Hai seeks Softbank help in Toshiba chips bid - report

Published 17 Apr 2017 08:57 CET | Japan
Hon Hai Precision Industry has asked SoftBank for cooperation in its bid to acquire Toshiba's chip unit, sources close to the ...

'Apple wil investeren in chipdivisie Toshiba'

Published 14 Apr 2017 10:22 CET | World
Apple denkt er over na om de chip-divisie van Toshiba over te nemen. Dat schrijft althans de Japanse publicatie NHK op basis van ...

Foxconn offers up to USD 27 bln for Toshiba ops - report

Published 11 Apr 2017 10:26 CET | World
Taiwan's Hon Hai Precision Industry (Foxconn), South Korea's SK Hynix and chipmaker Broadcom have all submitted preliminary bids ...

Toshiba narrows bidders for semiconductor ops - report

Published 10 Apr 2017 08:48 CET | World
The number of bidders for Toshiba's semiconductor business has been narrowed from the 10 original interested parties to a smaller ...

Toshiba may sell majority stake in nuclear ops

Published 15 Mar 2017 10:08 CET | World
Toshiba may sell a majority stake in its Westinghouse nuclear business, Bloomberg reported, sayind the company missed a second ...

Toshiba hopes to get at least JPY 1 tln from sale of unit

Published 21 Feb 2017 08:59 CET | World
Toshiba wants to raise at least JPY 1 trillion (USD 8.8 billion) from the sale of its semiconductor business and hopes to close ...

Toshiba to carve out Memory business for possible sale

Published 27 Jan 2017 09:53 CET | World
Toshiba plans to calve off its Memory business from 31 March through a company split. Toshiba is reviewing how to conduct the ...





Calendar   /   Industry Events

24 Nov SD-WAN & SASE Summit
25 Nov Partner Communications Q3 2020
26 Nov Telekom Malaysia Q3 2020
26 Nov Axiata Q3 2020
26 Nov Megafon Q3 2020
30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
::: More Calendar Items